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November 29, 2024

USD/JPY Response to Euro CPI: What to Expect

USD/JPY experiences fluctuations, hovering just below 150.00 as Euro CPI takes center stage. Global chipmakers gained relief from rumors suggesting milder than expected sales restrictions to China. However, this news did not trigger a substantial rally. Traders remain cautious as they assess how these developments might impact currency pairs. The market’s behavior may shift based on additional insights. Understanding international dynamics will enhance market positioning. Anticipate reactions from economic data releases as traders navigate these uncertain waters.

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